1

Commissioner (A) is not empowered to enhance income a new source of income vide 82ITR 9Trib) 176
1

It is assessee’s choice to select a method for determining FMV of shares vide 81 ITR (Trib) (SN) 78
1

No TP adjustment of trade receivables in case of a debt-free company vide 81ITR (Trib) (SN) 94
1

To accord registration as a charitable institution under income tax dominant purpose must be charitable and satisfies the conditions laid down us 2(15) vide 426ITR108 despite having non charitable ancillary objects meant to achieve the dominant purpose
1

Transactions with dubious entities is reason enough for case reopening vide 421ITR624

FAILURE TO CONSIDER ASSESSEE’S SUBMISSIONS- ORDER DISPOSING OF ITS OBJECTIONS QUASHED

ByCA Gopal Nathani

May 9, 2022

Vide [2022] 443 ITR 191 (Del) an order passed by the AO in disposing of objections against reopening which when does not deal with the submissions and contentions of the assessee is liable to be quashed for certain.

Section 148A orders therefore if they do not so deal with the contentions and submissions too can be challenged in a writ by the taxpayer.